India & NZ Forge Strategic Ties, Target ₹35K Cr Trade by 2030!
India & NZ Forge Strategic Ties, Target ₹35K Cr Trade by 2030!
PM Modi's historic New Zealand visit elevates ties to a strategic partnership, aiming to double trade by 2030. Explore key agreements and sports innovation showcase!
Prime Minister Narendra Modi’s historic visit to New Zealand has significantly strengthened relations between the two nations, elevating their ties to a strategic partnership. This marks the first visit by an Indian Prime Minister in four decades and was the final leg of Mr. Modi's three-nation tour focused on enhancing cooperation in the Indo-Pacific region.
During his visit, Prime Minister Modi, alongside his Kiwi counterpart Christopher Luxon, set an ambitious five-year target to double their annual bilateral trade in goods and services to an impressive ₹35,000 crore by 2030. The leaders engaged in extensive talks, which culminated in 18 concrete outcomes, including the signing of 10 agreements designed to foster deeper collaboration across various sectors.
A highlight of the visit was PM Modi's tour of an exhibition showcasing New Zealand's innovative sports equipment and technologies. This display featured cutting-edge innovations demonstrated by some of the country's leading athletes and sporting icons, underscoring the potential for technological exchange and collaboration. The Ministry of External Affairs highlighted this on X, noting the leaders witnessed these advancements together.
Earlier in the day, Mr. Modi received a traditional Maori powhiri ceremonial welcome at Government House in Auckland, a moving reflection of New Zealand's rich heritage. He also held important interactions with a select group of CEOs and business leaders, signaling a strong focus on economic partnership. The government stated that PM Modi's New Zealand visit is set to "unlock new avenues of cooperation," especially against the backdrop of China's growing assertiveness in the Indo-Pacific region.
